Micron Technology, Inc. – Common is under Algo Engine buy conditions and the share price is likely to be supported by immense growth for semiconductors in 5G and electric vehicles.
Micron’s revenue for the third fiscal quarter rose 36% to $7.42 billion, topping estimates of $7.24 billion.
The chipmaker forecast fourth-quarter revenue of $8.2 billion.
Verizon Communications Inc. Common is under Algo Engine buy conditions and is an overweight position in our Class B managed fund.
We’re adding further exposure to Verizon on the current pullback to $56.00.
Walmart Inc. Common is under Algo Engine buy conditions.
We’re increasing our exposure to Walmart heading into the June quarter earnings result.
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary is under Algo Engine buy conditions.
Alibaba is finding buying support above the recent $205 low. We expect the earnings picture to improve over the next 12 months as a result of the regulatory impacts subsiding.
PDD:NAS is now under Algo Engine buy conditions. The company is China’s largest agriculture and interactive commerce platform.
Pinduoduo has surpassed Alibaba as China’s largest e-commerce company with 788 million active users according to its latest quarterly earnings report.
We expect buying interest to build above the $125 support level.
Q121 earnings showed continued growth with revenue increasing 239% to 22.2 billion yuan ($3.4 billion) in the three months ended March, beating consensus analyst estimates.
The number of annual active buyers for the 12 months ended March increased to 823.8 million, making Pinduoduo the most widely used e-commerce platform in China.
Alibaba is finding buying support above the recent $220 low.
PDD:NAS is now under Algo Engine buy conditions. The company is China’s largest agriculture and interactive commerce platform.
Pinduoduo has surpassed Alibaba as China’s largest e-commerce company with 788 million active users according to its latest quarterly earnings report.
We expect buying interest to build above the $125 support level. Q121 earnings should show continued growth.
SNAP:NYS is under Algo Engine buy conditions following the entry signal at $48 in late March.
The stock price jumped a further 7.5% in Friday’s session, after the company reported accelerating revenue growth and strong user numbers during the first quarter.
Q2 2021 Outlook
Revenue is estimated to be between $820 million and $840 million, compared to $454 million in Q2 2020.
Adjusted EBITDA is estimated to be between $(20) million and break-even, compared to $(96) million in Q2 2020.
PDD:NAS is now under Algo Engine buy conditions. The company is China’s largest agriculture and interactive commerce platform.
We expect buying interest to build above the $125 support level. Q121 earnings should show continued growth.
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